RTTNews | Oct 30, 2020 08:43AM EDT

08:42 Friday, October 30, 2020 (RTTNews.com) - Shaw Communications Inc. (SJR) on Friday reported an increase in net income for the fourth quarter to C$175 million or C$0.34 per share from C$166 million or C$0.32 per share in the year-ago period.

Revenue for the quarter was C$1.35 billion, unchanged from the prior-year period.

On average, analysts polled by Thomson Reuters expected the company to report earnings of C$0.31 per share for the quarter on revenues of C$1.33 billion. Analysts' estimates typically exclude special items.

Looking ahead, Shaw Communications introduced its fiscal 2021 guidance, which includes adjusted EBITDA growth over fiscal 2020, consolidated capital investments of about C$1.0 billion and free cash flow of approximately C$800 million.

Read the original article on RTTNews ( https://www.rttnews.com/3141505/shaw-communications-q4-profit-rises-results-beat-estimates-quick-facts.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com All Rights Reserved